EXHIBIT 99.1


IGCA ANNOUNCES PRELIMINARY RESULTS FOR YEAR ENDING DECEMBER 2001; PROVIDES
GUIDANCE ON RESULTS FOR FIRST QUARTER 2002

LAS VEGAS, Apr. 2, 2002 / PRNewswire-FirstCall via COMTEX / -- Innovative Gaming
Corporation of America (Nasdaq: IGCA) today provided guidance for the year
ending December 31, 2001. The Company anticipates reporting an operating loss of
$3.1 million on net revenues of $532,000 for the quarter ended December 31,
2001. For the year ended December 31, 2001, the Company anticipates reporting
net revenues of $8,048,000, with a loss from operations of $12,407,000. The
Company expects to report additional preferred stock dividends and accretion
adjustments in 2001 resulting in an aggregate loss as of December 31, 2001 of
$15.1 million for the year. This loss results largely from $10.2 million in
non-recurring, non-cash, one-time restructuring charges taken by the Company in
the Third Quarter 2001. Based on those figures, the Company expects to report a
10% decrease over 2000 net revenues of $8,936,000, and an operating loss of
$2,207,000 compared to operating income of $742,000 in 2000. The Company
anticipates filing its annual report on form 10-K on or before April 15, 2002.

In addition, the Company provided preliminary guidance on the results from
operations for the First Quarter 2002. The Company anticipates reporting a
substantial reduction in its operational losses compared to the Fourth Quarter
of 2001. The Company expects to report a loss of approximately $1.5 million on
net revenues of approximately $1.4 million. The Company's monthly operating loss
narrowed to just under $200,000 for March 2002. On a cash basis, the Company was
cash flow positive in March 2002. The Company's revenues increased over the
First Quarter with January revenues of $218,000, February revenues of $328,000
and March revenues of approximately $850,000. Based on sales orders and
indications of interest for April delivery of product, the Company expects April
revenues to exceed $1,000,000. The Company continues to pursue sources of
financing to fully implement its restructuring.

Laus M. Abdo, President and Chief Financial Officer of IGCA said, "Through the
First Quarter 2002 our operations significantly improved over 2001. The
Company's loss narrowed from just over $1,000,000 per month in the Fourth
Quarter 2001 to $500,000 per month in January and February 2002. The Company was
cash flow positive for the month of March 2002 with a loss on an accounting
basis of less than $200,000. Our revenues began to significantly improve in
March and we currently are building a backlog of equipment orders for delivery
in April and May 2002. Our internal projections call for 2002 revenues of $17.8
million and EBITDA of $5.1 million based in part on receipt of regulatory
approvals of new product features including ticket-in, ticket-out; tokenization,
multi-denomination and multi-game capability, as well as the introduction of new
product offerings."







Tom Foley, Chairman and CEO of IGCA, provided the following comments:
"Management has made significant progress in turning the Company's operations
around and I am very pleased with the progress we've seen over the past six
months. The Company continues to focus on it core technologies and to focus its
sales efforts primarily in Indian casinos."

Innovative Gaming Corporation of America, through its wholly owned operating
subsidiary, Innovative Gaming, Inc., develops, manufactures and distributes fast
playing, high-entertainment gaming machines. The Company distributes its
products both directly to the gaming market and through licensed distributors.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: Except for historical information, the forward looking matters discussed
in this news release are subject to certain risks and uncertainties including,
but not limited to, the Company's liquidity and ability to obtain additional
financing, the timing of regulatory approvals, as well as other risks indicated
from time to time in the Company's filings with the Securities and Exchange
Commission, such as the Company's Form 10-K for the fiscal year ended December
31, 2000. The Company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent events.

Source:  Innovative Gaming Corporation of America
Contact: IGCA Investor Relations:  Anthony D. Altavilla, Managing
         Director of Redwood Consultants, LLC, 1-415-380-0500, for IGCA; or
         Laus M. Abdo, President & Chief Financial Officer of Innovative Gaming
         Corporation of America, 1-702-614-7199

URL:     http://www.igca.com